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<div class ="TITLEFORM">Borrowing in Rupees</div>
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  <p>Borrowing or Lending in Rupees and acceptance of deposits, by persons resident in India from a person resident outside India is covered under two notifications namely FEM (Borrowing and lending in Rupees) regulations, 2000 and FEM (Deposit) regulations, 2000.<br>
Indian Companies are allowed to accept loans or deposits from specified persons resident outside India on such terms and conditions as imposed by Reserve bank of India. 
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  <p>In the past Indian Companies were allowed to issue Non convertible debentures or accept deposits from persons resident outside India on repatriation and non repatriation basis. Now, the said borrowing or acceptance of deposits on repatriation is not allowed.  At present, acceptance of funds against issue of non convertible debentures on repatriation basis would be treated as Foreign Currency loans (External Commercial Borrowing). Terms & conditions specified thereunder needs to be complied with.</p>
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  <p>One has to observe that end use restrictions are imposed by Reserve Bank of India when such rupee loans or deposits are accepted by persons resident in India from persons resident outside India.</p>
 <p>This section does not cover acceptance of deposits by Authorised Dealer.</P><br>
 <p>This section provides Tool (Borrowing in Rupees) to know:</p> 
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-	Eligibility <br>
-	Mode of Payment <br>
-	Rate of interest<br>
-	End use <br>
-	Repatriation<br>
-	Reporting<br>
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 <p>Please use the tool. This is only an effort made to give easy references. Before taking a decision, please cross - check with the relevant regulations or rules, as the case may be and then act upon or you make seek our valuable advice. To contact us for our advice, please click on the below link and fill the required information for us to get back to you. (Only for registered users)</p>
<a href="#" onclick="ShowBodyUiApplication('Postyour~BDIR')"><U>Query- Borrowing in Rupees</U></a>
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